BERLIN (Reuters) -Infighting in Germany's ruling coalition grew on Wednesday over the country's nuclear power plants, as environmentalist Greens and pro-business Free Democrats bickered over a possible extension of their lifespan to try to tackle the energy crisis. Economy Minister Robert Habeck, of the Greens, said on Tuesday that he expects to have to extend the lifespans of the country's last two nuclear power plants to avoid possible outages and grid bottlenecks this winter. Germany had planned to complete a phase-out of nuclear power by the end of this year but a collapse in energy supplies from Russia due to the war in Ukraine has prompted the government to keep two plants on standby until April.
The Gambling Commission said it has penalised the bookmaker over ‘alarming’ failures.
The Bank of England’s intervention in the UK government debt market was expected to cost £65 billion, with £5 billion in bond buying every day for a further 13 days. London’s FTSE 100 was expected to fall further in opening trade, in line with declines on continental European bourses. Liz Truss has defended her mini-Budget as the ‘right plan’ despite the turmoil it caused in the markets, forcing the Bank of England to make an intervention.
Four leading German economic institutes have almost halved their spring economic growth forecast for Europe's largest economy this year and slashed their 2023 projection to -0.4% from 3.1%, they said on Thursday. The four institutes now expect 1.4% growth this year, down from 2.7% seen in the spring. "The crisis on the gas markets is having a severe impact on the German economy," said the four institutes - Munich-based Ifo, the Kiel Institute for the World Economy (IfW Kiel), the Halle Institute for Economic Research (IWH) and the Leibniz Institute for Economic Research (RWI).
The IMF openly urged prime minister Liz Truss to reverse the decision to scrap the top rate of income tax.
National Crime Agency chief Matt Horne said offenders had exploited the increase in numbers of people at home and using the internet.
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British opposition Labour leader Keir Starmer said on Wednesday the government should recall parliament and abandon plans set out last week to slash taxes and ramp up borrowing which have sent financial markets into turmoil. "The government has clearly lost control of the economy ... this is self-inflicted," Starmer told Sky News. "What the government needs to do now is recall parliament and abandon this budget before any more damage is done."
The FTSE 100 closed at 6,984.59, a fall of 36 points, and the pound was a little higher than where it started.
The newest Kindle features a 10.2-inch screen and comes with a magnetically attached pen, with a starting price of £329.99.
Roger White, chief executive of the Scottish drinks firm, told the PA news agency that it has come under pressure from rising CO2 prices.
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The IMF said Chancellor Kwasi Kwarteng should ‘reevaluate’ his package of tax cuts.
Press Release Paris, September 27th, 2022, Technicolor (Euronext Paris: VANTI, OTCQX: TCLRY) announces today that it has changed its corporate name to VANTIVA, as approved by Technicolor shareholders during a General Shareholders’ Meeting on September 6th, 2022, and the completion of the distribution of 65% of Technicolor Creative Studios (“TCS”) and listing of TCS today on Euronext Paris, under the ticker symbol TCHCS. Starting from September 27th, 2022, VANTIVA shares will continue being trade
Banks and building societies pull hundreds of deals in anticipation of further interest rate rises
Global Cell Analysis Market Global Cell Analysis Market Dublin, Sept. 28, 2022 (GLOBE NEWSWIRE) -- The "Cell Analysis Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.The global cell analysis market reached a value of US$ 17.4 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 28.8 Billion by 2027, exhibiting a CAGR of 8.76% during 2021-2027. Keeping in mind the uncerta
Kremlin officials have talked up implications of the gas pipe explosions but there is no reason to expect a western military response
Ahold Delhaize's local brand Delhaize opens largest wine bottling plant in the Benelux Wine bottling plant Delhaize Ahold Delhaize's local brand Delhaize opens largest wine bottling plant in the Benelux Belgian Prime Minister Alexander De Croo Ahold Delhaize's local brand Delhaize opens largest wine bottling plant in the Benelux Wine bottling plant Delhaize It serves multiple Ahold Delhaize brands in Europe and the U.S.The plant builds on a long tradition. The first Delhaize wine bottling plant